By utilising Mambu’s cloud banking platform, BridgeFund can build its deposit, and soon, lending offerings with reliability and ease, while scaling in the Dutch market and beyond.

BridgeFund provides an alternative financing platform that enables entrepreneurs to deposit money (and in exchange earn interest), which entrepreneurs can then borrow to invest. Since BridgeFund was founded, it has already issued over 6,500 loans worth more than €300 million.

Previously running on an in-house-built core banking system, BridgeFund needed a robust platform that allowed for scaling with volume of their current products, while supporting new offerings and geographies. BridgeFund chose Mambu as its cloud banking platform to free up resources and focus on innovation rather than maintaining legacy infrastructure. Together with Mambu, BridgeFund can expand its account volumes and product offerings with ease, while facilitating expansion into new markets.

Small-to-medium-sized enterprises (SMEs) are the backbone of the global economy; however, securing funds is not always easy. Research from Mambu highlights that there’s a €5.2 trillion SME lending opportunity, and platforms such as BridgeFund are crucial to their success.

Nick Lawler, Market Director, EMEA at Mambu, said: “At Mambu, we are able to take BridgeFund to the next level, helping it build and deploy financial offerings at scale, with ease of use and speed in mind.

Supporting SMEs has always been a passion point for us at Mambu. Our research revealed that more than two thirds of SMEs globally (67%) have been unable to secure sufficient, or any, funding on at least one or more occasions.”